Popular antivirus maker force-installs cryptominer on devices

Popular antivirus maker force-installs cryptominer on devices

The anti-virus giant Norton is facing a barrage of online criticism for automatically installing the Ethereum crafter on users’ devices, which has turned out to be pretty useless and also really difficult to uninstall.

Norton has come under fire after several users expressed their annoyance on Twitter and Reddit at how difficult it is to rid their system of the bundled tool called Norton Crypto.

Their concerns were rapidly echoed by other users, who claim the feature costs customers more in electricity use than they make on the mining, yet allows the developer to make a ton of profit.

An experiment carried out by media outlet The Verge confirmed this, showing that a night of mining netted $0.66-worth of Ethereum but cost $0.66 in off-peak electricity.

The claims that the antivirus developer “sneakily installs cryptomining software” in computers and skims a commission on profits were soon disseminated by technology-focused media outlets, including PCMag, Krebs on Security, and Digital Trends.

Commenting on the backlash, a spokesperson for NortonLifeLock told The Verge that users can completely remove Norton Crypto by temporarily turning off Norton’s tamper protection feature and then deleting the executable file.

The new cloud-based feature was launched in July 2021 to allow users to maintain a private cryptocurrency wallet and take away 85% of what their devices mine, with Norton earning a 15% commission. Back then, NortonLifeLock said it was opt-in-only and had to be enabled.

According to the system requirements, the crypto-mining option can be activated an Nvidia or AMD cards with at least 6GB of memory. The process reportedly runs via a mining pool that combines every user’s computing power to increase the chances of mining a block. Thus, those contributing power get a share of the reward, from which Norton takes its cut.

However, even pooled power and cheaper electricity can’t turn the everyday user into a crypto-millionaire, it seems, as the process of withdrawing one’s earnings from a Norton wallet, minus Norton’s commission, is not that easy. The only way to use the mined crypto or exchange it for fiat currency is to transfer it to a Coinbase account, and that, in turn, incurs a transaction fee charged by the Ethereum network.

For more stories on economy & finance visit RT's business section

Source: www.rt.com

The last notes - Экономика

most read news

#Экономика

Authorities in Warsaw have allowed citizens to forage for firewood in forests to keep their homes heated amid spiralling energy costs. Poland is in the midst of a coal shortage after banning Russian
подробнее...

Polish companies have limited the sale of coal in the country after blocking imports from Russia, Deputy Minister of State Assets Piotr Pyzik said during his speech in Parliament on Friday.He
подробнее...

The average price of petrol in the UK has gone above £1.70 a liter for the first time, according to the latest data revealed by the motoring organization RAC.The cost of unleaded petrol, the British
подробнее...

Europe’s largest producer of atomic energy, Electricite de France SA (EDF), usually exports cheap power during the winter but may be forced to import it this year, Bloomberg reported on
подробнее...

If a fresh wave of government assistance is not released immediately, some 500,000 small businesses in the UK will go bankrupt within weeks, the chairman of the Federation of Small Businesses (FSB)
подробнее...

The UK has introduced a 25% windfall tax on energy producers’ profits, which will fund support grants for residents who are unable to pay their soaring energy bills, UK Chancellor of the Exchequer
подробнее...

The suspension of Russian gas supplies would be “a serious blow” to the welfare of the Austrian people as it threatens some 300,000 jobs, Kronen Zeitung newspaper reported citing the Federation of
подробнее...

Several French cities have begun handing out food vouchers to the population to compensate for increasing prices, the TV channel France 2 reported on Monday.According to the report, citizens are being
подробнее...

Asian countries became the largest importers of Russian oil for the first time in April 2022, overtaking Europe, Bloomberg reported on Friday, citing Singapore-based analytics firm Kpler.Roughly 71.7
подробнее...

Global food insecurity has reached levels not seen since the financial crisis of 2008, according to Sara Menker, CEO of Gro Intelligence, a global company that uses artificial intelligence and public
подробнее...

President Vladimir Putin told the Eurasian Economic Forum on Thursday that Russia has maintained its position as the world’s leading wheat exporter.“We have become absolutely competitive at the global
подробнее...

Komatsu, Japan’s largest construction and mining equipment manufacturer, has resumed deliveries to Ukraine, halted after the launch of Russia’s military offensive, the Nikkei newspaper reported on
подробнее...

The US government has allowed powdered infant milk imports from the UK, the Food and Drug Administration announced in a statement on Tuesday, as the country is grappling with a severe shortage.British
подробнее...

Shipments of Russian oil to India exceeded 396,000 tons in March, according to the Ministry of Commerce. That is more than a 15% rise from the previous month and a 40% increase on an annual
подробнее...

An embargo on Russian natural gas would seriously affect the German economy, as well as society, Labor Minister Hubertus Heil said in an interview with news outlet Funke, published on Saturday.“We
подробнее...

A EU commissioner, Margrethe Vestager, told Germany’s Handelsblatt newspaper on Wednesday that European consumers will have to put up with permanent price increases for energy as the continent wants
подробнее...

The European Commission on Friday announced the introduction of an anonymous online platform for people to report any violations of sanctions on Russia and Belarus.“Aware of anyone violating EU
подробнее...

The Haidach underground gas storage facility in Austria may not be refilled by the next heating season due to a conflict between Berlin and Moscow over the seizure of Gazprom’s German subsidiary,
подробнее...